By 1901 all but $2671700 of the issue of 1871 had been retired and this amount was then refunded with 3% 50 year bonds which were taken by the Educational Fund.
If either party is dissatisfied with the award, he may appeal to an appeals committee on paying 3:o: which is refunded to him by the other party if the appeal be upheld.
The state assumed the Territorial debt of $700,000, and has added to it a bonded indebtedness of $200,000; the bonds, formerly 5%, have been refunded at 31 and 3%.
The first part of this claim was refunded by a new bond issue, also taken by the Educational Fund, the second was paid from an Indian war claim of $692,946, received from the United States government in 1902, when $132,000 bonds of 1857, held by the United States government, were also extinguished.
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